Protection One plans to make revolver payment on Aug. 16

By Jeff Pines

Washington, Aug. 16 - Protection One Inc. said it plans to make the quarterly interest payment on its revolving credit facility on Aug. 16 and reported it made the semi-annual interest payment on its 8 1/8% senior subordinated notes due 2009 on Friday.

The quarterly payment on the revolver was due June 30, but the company had standstill agreements in place. The semi-annual interest payment on the notes was originally due July 15.

According to Topeka, Kan.-based Protection One's 10-Q filed with the Securities and Exchange Commission Monday, Protection One has $215.5 million outstanding on its revolver.

The company also made the semi-annual interest payment on its 13 5/8% senior subordinated discount notes due June 2005 on July 30 before the grace period expired. The payment was due on June 30.

Protection One provides alarm monitoring services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.